TD Cowen Has Lowered Expectations for Wintrust Financial (NASDAQ:WTFC) Stock Price

Wintrust Financial (NASDAQ:WTFC) had its price objective reduced by analysts at TD Cowen from $184.00 to $183.00 in a report issued on Wednesday,Benzinga reports. The brokerage presently has a “buy” rating on the bank’s stock. TD Cowen’s price target would suggest a potential upside of 15.99% from the stock’s previous close.

A number of other research analysts have also recently issued reports on the stock. Capital One Financial set a $170.00 price objective on shares of Wintrust Financial in a research note on Tuesday. Truist Financial upped their target price on Wintrust Financial from $170.00 to $183.00 and gave the stock a “buy” rating in a research note on Friday, July 10th. Raymond James Financial initiated coverage on Wintrust Financial in a report on Tuesday, July 7th. They issued an “outperform” rating and a $180.00 target price on the stock. UBS Group reiterated a “neutral” rating and issued a $170.00 price target on shares of Wintrust Financial in a research note on Tuesday, July 7th. Finally, Royal Bank Of Canada boosted their price target on Wintrust Financial from $175.00 to $185.00 and gave the stock an “outperform” rating in a report on Wednesday, April 22nd. Nine investment analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. According to data from MarketBeat, Wintrust Financial currently has an average rating of “Moderate Buy” and an average price target of $177.77.

Wintrust Financial Trading Down 0.5%

Shares of Wintrust Financial stock opened at $157.77 on Wednesday. The company has a quick ratio of 0.97, a current ratio of 0.98 and a debt-to-equity ratio of 0.62. Wintrust Financial has a 12-month low of $119.61 and a 12-month high of $167.21. The company has a market capitalization of $10.64 billion, a price-to-earnings ratio of 12.67 and a beta of 0.84. The firm’s 50-day moving average price is $156.16 and its two-hundred day moving average price is $149.43.

Wintrust Financial (NASDAQ:WTFC) last issued its earnings results on Monday, July 20th. The bank reported $3.30 EPS for the quarter, beating the consensus estimate of $3.15 by $0.15. Wintrust Financial had a net margin of 20.72% and a return on equity of 13.37%. The company had revenue of $738.63 million during the quarter, compared to analysts’ expectations of $735.36 million. During the same period in the previous year, the company earned $2.78 EPS. The business’s revenue for the quarter was up 10.1% compared to the same quarter last year. On average, analysts forecast that Wintrust Financial will post 13.03 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, COO David A. Dykstra sold 9,579 shares of the company’s stock in a transaction that occurred on Monday, April 27th. The shares were sold at an average price of $148.82, for a total transaction of $1,425,546.78. Following the completion of the transaction, the chief operating officer directly owned 179,810 shares in the company, valued at $26,759,324.20. This represents a 5.06% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Suzet M. Mckinney sold 500 shares of the stock in a transaction that occurred on Monday, May 4th. The shares were sold at an average price of $148.96, for a total transaction of $74,480.00. Following the completion of the transaction, the director directly owned 3,303 shares of the company’s stock, valued at approximately $492,014.88. The trade was a 13.15% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. 1.24% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the company. F m Investments LLC raised its position in shares of Wintrust Financial by 61.6% during the fourth quarter. F m Investments LLC now owns 70,857 shares of the bank’s stock worth $9,907,000 after acquiring an additional 27,013 shares during the last quarter. Artemis Investment Management LLP bought a new stake in Wintrust Financial in the fourth quarter valued at approximately $59,287,000. Westfield Capital Management Co. LP increased its position in Wintrust Financial by 22.5% during the 4th quarter. Westfield Capital Management Co. LP now owns 559,762 shares of the bank’s stock valued at $78,266,000 after purchasing an additional 102,798 shares during the period. SG Americas Securities LLC raised its holdings in Wintrust Financial by 132.1% during the 4th quarter. SG Americas Securities LLC now owns 51,637 shares of the bank’s stock worth $7,220,000 after purchasing an additional 29,386 shares during the last quarter. Finally, Horizon Investments LLC lifted its position in shares of Wintrust Financial by 79.8% in the 4th quarter. Horizon Investments LLC now owns 33,287 shares of the bank’s stock worth $4,654,000 after purchasing an additional 14,776 shares during the period. 93.48% of the stock is currently owned by institutional investors.

Wintrust Financial Company Profile

Wintrust Financial Corporation is a Chicago‐area bank holding company headquartered in Rosemont, Illinois. Through its primary subsidiary, Wintrust Bank, the company operates a network of community banks serving metropolitan Chicago and select markets in southeastern Wisconsin. These locally branded banks provide personalized commercial and consumer banking solutions tailored to small and mid‐size businesses, professionals, and individual clients.

The firm’s core offerings include deposit products, commercial and residential lending, treasury management, and mortgage banking services.